Here’s a good example from Betdaq, one of the most popular betting exchanges. One or more selection must be successful to have a return. A Lucky 31 consists of 31 bets on 5 Sports Betting Systems, Software, Parlays, Football, Soccer selections in different events – 5 singles, 10 doubles, 10 trebles, 5 fourfold accumulators and 1 fivefold accumulator. A 4-Fold Accumulator is 1 bet made up of 4 selections in different events. Sometimes if you what to make a double chance bet, you find the best odds at two different bookmakers. Here you can easy find the stake at the different bookmakers and see the effective odds.

Dead Heat Calculator

If you are familiar with this article or with the problematic of converting bookies odds to probabilities, you can use our calculator right away. Get college football picks on every single game, or if you want our very best bet premium picks by the experts, sign up for your free $60 account with a guarantee. The types of odds are simply different ways of presenting the same thing, and hold no difference in terms of payouts. If you prefer fighting sports and martial arts over regular sports, UFC is your ideal competition. If you prefer ice over grass, NHL is the sport you want to watch and bet on.

You can often parlay an over/under bet with a spread or moneyline bet from the same game, but there are occasional restrictions depending on the numbers. Another key aspect of calculating informative post payouts has to do with which type of bet you place. Depending on the wager, you are going to have anywhere from a very good chance of collecting to a highly unlikely chance. The more difficult it becomes to win a certain bet, the higher your payout potential goes.

More From Betfair

Gaming Today has several odds calculators to choose from. Many states have legalized online sports betting, and more are working on legislation to do so. While it’s not legal everywhere, sports betting is swiftly making its way to more US markets beyond the two dozen that already allow it.

What Are Moneyline Odds?

This is a bet that consists of two or more individual wagers. For a parlay to win, each of the individual wagers that make up the parlay has to win. Generally speaking the more wagers there are that make up the parlay, the lower the odds of winning are, and the higher the payout is. The main reason why these bets are so popular is that the parlay payouts can be quite large indeed. First, it takes the odds as well as the stakes of a specific bet or wager.

Our free parlay calculator can help bettors as a go-to resource for instantly calculating the payouts and odds before making a bet. A Union Jack Trebles Bet Winning Calculator works out the returns of your winnings when placing a bet on nine selections. The number of selections making up the Union Jack Trebles bet type is 9 selections; three selections must win or place to guarantee a winning return. A Lucky 15 calculator works out the returns of your winnings when placing a Lucky 15. A Lucky 15 is a bet consisting of 4 selections, one selection must win or place to guarantee a winning return.

Users of openoffice should use the openoffice calc version of the spreadsheet. For example many might decide to bet on man utd to beat cardiff at odds of 1.3 (1/3) but not know what percentage chance the odds equate too. The bet tracker and the arbitrage calculator are available in microsoft excel spreadsheets. The free bet calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. Usually, inputing data, variables and stats into an excel spreadsheet is dull and when it’s done on a daily basis it can get frustrating. A 5-to-1 fractional odds bet is equivalent to +500 moneyline odds, or 6.00 decimal odds.

Alternatively, if you’re not sure what type of bet to pick, you can Compare Bet Typesand view all of your options at the same time. This allows you to easily check how the returns will be affected across all bet types, if any of your selections don’t win. When used in conjunction with the Maximum Total Stake setting, it can also ensure you’re only comparing bets of roughly the same cost. You need to have a solid understanding of “if bets” before you can learn the intricacies of reverse bets. An if bet is a combination of two or more wagers, and the result of each bet determines whether or not the subsequent bets are placed.

Know your potential profits when you make a wager with this betting odds calculator. Please read the simple odds creator manualbefore you go any further. Feeding the betting odds calculator with wrong values will lead to wrong outcomes and most likely to financial loss.

The best odds on a chosen game are highlighted in yellow, displaying the sportsbook offering the best value on a given bet. The odds, or the potential payout, are the numbers in parentheses above. The standard NFL points spread odds is -110, but it can range from +100 to -130. Our team is full of long-term, successful sports bettors. Bringing all of our skill-sets together, we consistently aim to bring you the best and biggest resource for all sports bettors.